Total Factor Productivity Level at Current Purchasing Power Parities for United States
CTFPPPUSA669NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1954 - 1/1/2019
Summary
The Total Factor Productivity Level at Current Purchasing Power Parities for the United States measures the overall efficiency of the U.S. economy in transforming inputs into outputs. It is a key indicator of long-term economic growth and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric captures the combined productivity of labor, capital, and other inputs in the U.S. production process. It is used by economists and policymakers to assess the underlying drivers of economic growth beyond simple inputs like employment and investment.
Methodology
The data is calculated by the Conference Board based on national accounts and labor force statistics.
Historical Context
Trends in total factor productivity are closely monitored for their implications on potential GDP, inflation, and international trade and investment.
Key Facts
- The U.S. total factor productivity level has grown by over 50% since 1990.
- High total factor productivity is associated with higher living standards and wages.
- The U.S. ranks among the global leaders in total factor productivity
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall efficiency of the U.S. economy in transforming labor, capital, and other inputs into economic output.
Q: Why is this trend relevant for users or analysts?
A: Total factor productivity is a key indicator of long-term economic growth potential and international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Conference Board based on national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Trends in total factor productivity are closely monitored for their implications on potential GDP, inflation, and international trade and investment.
Q: Are there update delays or limitations?
A: The data is updated annually with a slight lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Total Factor Productivity Level at Current Purchasing Power Parities for United States (CTFPPPUSA669NRUG), retrieved from FRED.